SOURCE: Star Gold Corp.

May 10, 2011 09:00 ET

Star Gold Provides Update on Its Excalibur Project

POST FALLS, ID--(Marketwire - May 10, 2011) - Star Gold Corp. (OTCBB: SRGZ) is pleased to announce it has received approval from the Bureau of Land Management and will move forward with its plans to commence drilling on this property this summer. The Excalibur property lies in Mineral County, Nevada, which is located approximately 20 miles southwest of Mina, Nevada, and is within the historically "gold-prolific" Walker Lane Belt.

On June 17, 2010, an exploration hole was drilled on the property at one of its central targets, the Moho Vein system. Drill hole, EX-10-1, was drilled at an angle of 45 degrees to a depth of 230 feet to test several high-angle structures. The drill encountered multiple clay rich structures throughout its length. The structures at surface ranged to 0.2 g/t gold and 17 g/t silver. The drill intersected two five foot intervals grading greater than 0.2 g/t gold, which complemented the surface sampling. Interval 130-135 contained 0.215 parts per million (ppm) gold and 17.5 ppm silver; interval 165-170 contained 0.213 ppm gold and 4.5 ppm silver. These intersections are very meaningful and indicate that further drilling in this area is warranted. The drill hole also suggests a wider dispersion of metals may occur around the veins if stronger mineralization results are encountered in further drilling. Star Gold expects to execute on its drilling operations for the Excalibur property this summer and will update the public on its drill program as developments unfold.

About Star Gold Corp.
Star Gold Corp. is a gold and base metal exploration company with the purpose of evaluating, developing and acquiring gold projects of merit with a focus on the United States, Canada and Mexico. At present, Star Gold is focused on the exploration and development of its Excalibur Gold Project, in Nevada, USA.

Disclaimer

Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use of words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Star Gold Corp (the Company) to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."

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